Guiliana and Bill Rancic Having a Baby!

Reality TV stars Guiliana and Bill Rancic's prayers have finally been answered. In an E! News exclusive report, the power couple announced Monday morning that they are expecting their first child, via surrogate mother this summer.

Guiliana, 37, is a veteran entertainment news reporter. Bill, 40, was the first entrepreneur to win on Donald Trump's The Apprentice and now tours the country as a motivational speaker. The couple met during an interview for E! news and married in a beautiful Italian ceremony in 2007.

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The Rancics soon discovered they had fertility issues, and documented much of their struggle with IVF, miscarriage and a breast cancer diagnosis on their reality show, Guiliana & Bill.

But things seem to be looking up for these love birds. On Monday's Today show, the two revealed they already know the sex of the baby, but plan to keep it a secret for as long as they can.

This exciting news gives hope to many couples suffering through infertility. Congratulations to the happy parents-to-be!